COM 1109.000 2020-2022 - Laserfiche WebLink

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The 2022 Term Bonds maturing on May 15, 20 shall be called before maturity and redeemed, from the Sinking Fund Payments that have been deposited into the Principal Account, on May 15, 20_, and on each May 15 thereafter prior to maturity, in accordance with the schedule of Sinking Fund Payments set forth below. The 2022 Term Bonds so called for redemption shall be selected by the Trustee by lot and shall be redeemed at a redemption price for each redeemed Bond equal to the principal amount thereof, plus accrued interest to the redemption date, without premium, as follows: Redemption Dates Principal Amount (May 15) The 2022 Term Bonds maturing on May 15, 20_ shall be called before maturity and redeemed, from the Sinking Fund Payments that have been deposited into the Principal Account, on May 15, 20_, and on each May 15 thereafter prior to maturity, in accordance with the schedule of Sinking Fund Payments set forth below. The 2022 Term Bonds so called for redemption shall be selected by the Trustee by lot and shall be redeemed at a redemption price for each redeemed Bond equal to the principal amount thereof, plus accrued interest to the redemption date, without premium, as follows: Redemption Dates (May 15) Principal Amount If during the Fiscal Year immediately preceding one of the redemption dates specified above in this Subsection (b)the County purchases 2022 Term Bonds, at least 45 days prior to the applicable redemption date the County shall deliver to the Trustee a Certificate of an Authorized County Representative specifying the principal amount purchased, and the principal amount of 2022 Term Bonds so purchased shall be credited at the time of purchase, to the extent of the full principal amount thereof, to reduce such upcoming Sinking Fund Payment for such Term Bonds. All 2022 34